The Postal Service says it also will procure 34,000 off-the-shelf vehicles to augment its initial 50,000-unit order of electric vehicles.
In its initial order for the next-generation delivery vehicle, the Postal Service surprised by ordering a mix of powertrains that includes 20% electric vehicles among the 50,000-vehicle order.
Perhaps no single segment of the supply chain was more affected by the COVID pandemic than last-mile delivery. The final mile has undergone an evolution as e-commerce and faster delivery demands take hold.
On the heels of a short seller’s takedown, Workhorse halts electric van deliveries and recalls units already in customer hands.
Workhorse decides to pursue alternative opportunities after ending its bid fight with the Postal Service.
From a COVID outbreak to supply shortages, Workhouse Group has repeatedly missed production targets.
Workhorse’s unsealed complaint against the Postal Service claims Oshkosh got preferred treatment and skirted the rules in lobbying for the main truck contract.
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Workhorse Group has nothing significant driving its stock price higher, only retail traders seeking to make money if the price falls.
In today’s edition, we highlight the Oshkosh-Workhorse squabble over a Postal Service contract, as well as hopes for federal funding for truck charging stations and more.
Oshkosh can make 100% battery-electric delivery trucks for the U.S. Postal Service, likely dashing Workhorse’s hopes of reigniting the competition.
Biden executive order will make it easier to lead by example on electric vehicles, DOT chief says.
Seventeen Democratic House members introduced a bill to assure the Postal Service electrifies its delivery fleet. It could get Workhorse back in the game.
Workhorse expects a “prolonged process” in trying to wrest mail truck business from the U.S. Postal Service that contracted with defense contractor Oshkosh.
Workhorse Group is not taking the loss of a contract to make battery-electric mail trucks for the U.S. Postal Service lying down.
Borrowing pegged to inflated stock price may become a problem for Workhorse Group in the aftermath of missing out on the U.S. Postal Service contract.
